Auguraltrader

Auguraltrader

Gold is coiling to breakout, having showed, of late, strength in holding up despite some selling pressure. Previously coiled, faked out and fallen back into a continued coil, it is running out of space, as the triangle/pennant comes to the end of the tip, as well as the 55EMA coming upwards in support. MACD has just crossed up into the bullish territory, and now...

Auguraltrader

The ES!1 S&P500 futures hourly chart is at a pivot point, and a likely breakdown on the hourly chart would start the next leg to the downside. MACD has broken down into the bear territory. Price breakdown on a trendline is about to happen and would also break down the 55EMA as well. Significant couple of hours from now...

Auguraltrader

As pre-emoted recently, the STI wiped out 5 sessions of gains in just 1 session yesterday. And this happened before the US and global markets moved down strongly due to “second wave” of COVID-19 in the USA. This, in my humble opinion, is actually the extension tail of the initial wave as there was no break. Coming back to the STI, there should be a follow...

Auguraltrader

Gold, as it appears, has broken out. System Buy signal should be along shortly, Fundamentally, on the back of a topping equity market, and the Fed statement that QE infinity and low rates will be around until 2023, it probably triggered some Gold buying. Technically, after bouncing off the 55EMA, Gold apparently broke out of the triangle, and MACD crossed up in...

Auguraltrader

A couple of days ago, I highlighted an anomaly about bankrupt companies spiking up. Over the last two days, Hertz, being one of such, had a bearish harami, now a three inside down, candlestick pattern. This came after failing the 55EMA. REALITY BITES... HARD. Stay safe.

Auguraltrader

Any day now, by the end of the week, the Singapore Straits Times Index (STI) is ready to turn. Yesterday’s candlestick pattern looks bad, and note the red dotted line . This level was required to be exceeded IF it is to resume bullish trend, and clearly it missed by a big margin despite a spectacular run up. 2750 is the immediate support and breaking down...

Auguraltrader

While overall trend is still bullish, the S&P500, shown here by the ES!1 futures, had overextended, and stalled with an inside candle at the breakout of the (adjusted) Broadening Wedge. Any lower close would mean a break back down into the rising wedge. The S&P500 has stalled at the earlier drawn Final resistance level as well. MACD is still bullish, but...

Auguraltrader

As previously noted, BTCUSD is ready for another burst. This time, needs volume and a sustained level above 10,000. Daily MACD is just crossing up... good sign. This development should be developing for the next two to three weeks. Watch for it!

Auguraltrader

It was just less than 20 days ago, that Hertz filed for bankruptcy protection . It’s a centurion company, mind you. And over the last couple of days, Hertz’s stock bounced so hard , you know it’s as if the boy who shined your shoes no longer does it cos he made money off the markets and quit his job. Wait... does that sound familiar??? Caveat Emptor...

Auguraltrader

It appears that the S&P500 is reaching the second art resistance point and may be running out of steam. Watch the index/futures over the next few days, targeting true colors early next week. So far, everyone appears exuberant, particularly on the theme of “re-opening”.Technically, momentum is waning fast, as well as an ever increasing divergence with the MACD...

Auguraltrader

Gold is slowly, and surely, starting its move towards its breakout zone. MACD is supportive, 55EMA is bullish... waiting for breakout confirmation. A triangle pattern, pennant, breakout is expected for a target of 2000. Watch for it.

Auguraltrader Updated 

Price value ranges marked. So far 8600 support had been holding up, and more recently 9440 as well. Microanalysis points to 9600 breakout and then pushing above 9800, with momentum and volume needed. Current volume is not yet ready. Watch the next few days as it appears to be currently coiling...

Auguraltrader

Gold futures indicate that it is near a triangle/pennant breakout, targeting 2000 by July. MACD is supportive as it just crossed up. Supported by a recent gap up range. Watch for it...

Auguraltrader

As previously highlighted, Bitcoin has been making small decent effort to move towards testing resistance trend lines in a renewed bid to break above 10,000. The 4H BTCUSD chart just showed a renewed effort with strength. The 4H MACD just turned upwards, in line with the daily MACD and technicals, and tested an interim trendline resistance with momentum. IF and...

Auguraltrader

Gold just broke out of a triangle and retested, then started breaking out again for the proper leg to 2000, bypassing 1800 very soon. This is early break out and MACD to confirm later, especially when a new recent high is achieved.

Auguraltrader

Previously highlighted, the BTCUSD breakout rally occured. Looking at the larger time frame, this rally is sandwiched stacked, and technicals are conducive of a surprise break above 10,000. Note in the Weekly log chart that when MACD breaks above 0, and price is above the Weekly 55EMA, these are pivotal points that have been the start of large rallies. With the...

Auguraltrader

Simple chart, simple Fibonacci, simple target to the downside for the Fibonacci target. MACD is support of the downdraft. Apparently Trump is going to have a release on US actions, and surely will be returned with China’s response. Trigger for downside there...

Auguraltrader

Just looking for recent patterns and apparently, there are. The red lines are support/bearish lines. The green lines are resistance bullish lines. and coordinated breakout of price and MACD off the resistance lines result in a substantial rally. However, before that happens, the cross-sections of the cyan lnes lines are the points prior to the rally. And...